Germantown, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Germantown, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Germantown Housing Market Information

With 91,167 people, 31,283 houses or apartments, and a median cost of homes of $354,331, real estate costs in Germantown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Row houses and other attached homes are the single most common housing type in Germantown, accounting for 40.77% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 29.13%), single-family detached homes ( 27.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.34%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 65.24% of Germantown's homes, and 58.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Germantown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Germantown built between 2000 and later ( 19.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.25%).

Germantown Home Appreciation Rates

Germantown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Germantown during the period has been just -0.51%, which is lower than 80% of US communities.

Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at 1.36%, which equates to an annual appreciation rate of 5.56%.

Relative to Maryland, our data show that Germantown's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Germantown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$354,331

Germantown, MD HOME PRICES

Value Range
> $1,100,000 0.5
$825,001 - $1,100,000 1.1
$551,001 - $825,000 18.0
$440,001 - $551,000 12.4
$330,001 - $440,000 20.5
$220,001 - $330,000 30.2
$110,001 - $220,000 14.2
$55,001 - $110,000 0.8
$0 - $55,000 2.3

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.7605839416058 34.9624060150376

Number Of Homes And Apartments:
31,283

Germantown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
82.50% 3.31%
7
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,306 / per month

Homeownership Rate

Homeownership
Owners 65.24
Renters 34.76
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF Germantown HOMES
2000 or Newer 19.5
1970 - 1999 76.8
1940 - 1969 3.2
1939 or Older 0.5

Types of Homes

TYPE OF Germantown HOMES
Single-Family 27.1
Townhomes 40.8
Small Apt. Buildings 2.3
Apt. Complexes 29.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Germantown HOMES
No Bedroom 0.64
1 Bedroom 8.16
2 Bedrooms 26.77
3 Bedrooms 36.82
4 Bedrooms 21.48
5 or more bedrooms 6.13